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Politics : Formerly About Applied Materials -- Ignore unavailable to you. Want to Upgrade?

To: Teri Skogerboe who wrote (18197)	3/26/1998 12:25:00 PM
From: derek cao	Respond to of 70976

Intel Corp delaying Texas plant two more years: biz.yahoo.com derek

To: Teri Skogerboe who wrote (18197)	3/26/1998 1:11:00 PM
From: Paul V.	Read Replies (1) \| Respond to of 70976

Teri, Following are the posts which took place between P&F Madness, DW's Intern, and me on the Point and Figure Charting site. Thought you and threaders might be interested. >To: P&F-Madness (2008 ) From: Paul V. Thursday, Mar 26 1998 12:31PM EST Reply # of 2041 P&F Madness, >Hi Paul,The Semi sector remember, is still coming down from the 60% level it was at before. It is still moving down. You need to watch your positions considering the sector could still move down if there is an overall market correction. If the sector reverses up under the 40% level, the field position is good. We would like to see the reversal up. An example of this is last October. Actually, September when the Semi's were the first sector to peal off before the correction. They were down I think 20% from above the 70% level when the correction occurred. Eventually the semi's reversed up but it wasn't until the reached 16% that they reversed up. AMAT did hold support and has reversed up from there. Your stop is 31 which breaks a double bottom and the bullish support line. I hope this answered your question. Let me know if I can explain better.< >My broker showed me on page 14, "Dorsey, Wright & Associates, Inc., Technical Research Reference Manual, The Shakeout formation. In comparing the Online chart with the diagram and in the DW Portfolio site of AMAT it appears that AMAT is in the Shakeout Formation. Quote, "The Shakeout Formation has been one of the best buy signals over the last few years. . ." Therefore, it appears that AMAT with its recent reversal up according to the Shakeout Formation is at a good buy position especially since the sector is at 41+ percentile. What is your interpretation to the above section of DW sited? Thanks, Paul V. To: Paul V. (2040 ) From: P&F-Madness Thursday, Mar 26 1998 12:36PM EST Reply # of 2041 Yes, that is true. My point is with the sector moving down you have to be extra careful. AMAT is probably a good buy and may even be a good call candidate. You have to always look at the overall picture. If you just looked at the chart for the stock, you would be missing the rest. AMAT is good but watch it in case the sector moves further south. I'm not trying to talk you out of AMAT just bringing in pieces you were missing. Jan<